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Sam Altman tells Congress to fund AI testing, not to require model approvals
Sam Altman spent the week in Washington making a careful distinction. He is asking lawmakers to spend more money testing artificial intelligence, and asking them not to require AI companies to win government approval before releasing a model. The first is a request for resources. The second is a request
Uber’s bet on Nuro is bigger than it let on, at close to $500m
Uber said “multi-hundred-million” and meant something closer to half a billion. The ride-hailing company’s commitment to self-driving start-up Nuro is near $500m, according to sources directly aware of the matter, a figure that reframes a partnership Uber had described in vaguer terms and reveals a follow-on investment significantly larger
Benchmark breaks its own rule with a $2bn raise and a first growth fund
The discipline was the whole identity. For more than twenty years Benchmark kept its funds around $425m and backed only young companies, taking a roughly 20% stake in each and trusting that selectivity, not scale, would produce the returns. That model has now bent. The firm has closed $2bn across
SpaceX wins Texas county approval for Terafab reinvestment zone
A reinvestment zone is the unglamorous first step, the procedural gate that has to open before any of the larger numbers attached to a project can flow. On 3 June, the commissioners of Grimes County, Texas, opened it, voting 4-1 to designate a reinvestment zone for SpaceX’s proposed Terafab